Adapting to a Cashless Society: Banknote Printer Embraces Art

As the world moves toward cashless transactions, traditional banknote printers like Korea Minting and Security Printing Corp. (KOMSCO) are evolving their business models. KOMSCO is leveraging its decades of expertise in printing technology to explore new ventures in creative cultural content and information technology. The company recently launched an art exhibition showcasing masterpieces replicated through intaglio printing, a specialized technique used in currency production. This exhibition is part of KOMSCO’s broader strategy to diversify its offerings and stay relevant in a rapidly changing economy.

Embracing Creative Content and ICT

KOMSCO’s recent exhibition, held at its Currency Museum in Daejeon, features replicated images of both Korean and Western masterpieces, including works by renowned artists like Shin Yun-bok and Vincent van Gogh. This marks the company’s first foray into art exhibitions, highlighting its intaglio printing technology, traditionally used for producing secure documents like banknotes, passports, and IDs. By demonstrating how this technology can be applied to art, KOMSCO aims to raise public awareness of its capabilities beyond currency production.

In addition to its focus on art, KOMSCO is expanding into information and communications technology (ICT) and exports. These efforts reflect the company’s adaptation to the declining demand for physical currency in a cashless society. By diversifying its portfolio, KOMSCO is positioning itself as a leader not only in secure printing but also in the broader cultural and technological sectors.

The Future of Intaglio Printing

During the exhibition, visitors can experience the intaglio printing process firsthand and receive calendars printed using this method. Intaglio printing, also known as plate printing, is a highly specialized technique that involves incising images onto a steel plate, resulting in prints with remarkable detail and authenticity. This method is essential for creating secure documents that require high levels of precision and tamper-resistance.

KOMSCO’s transformation underscores the broader trend of traditional industries adapting to new market demands. As the global economy continues to evolve, companies like KOMSCO are finding innovative ways to apply their expertise to new fields, ensuring their continued relevance in a cashless future.